Thoughtful Money with Adam Taggart · Thursday, September 17, 2026
Tom McClellan argues that lower taxation on Americans benefits the economy and stock market by leaving more money in circulation. He contrasts this with higher taxes, which he believes starve the economy of investment capital, despite potential benefits for government revenue.
“And so, uh, if you want an explanation for why that is, I would say that we are not taxing Americans to the hilt, and we're leaving more money in the economy as opposed to in the government's coffers.”
“That creates problems for the government, but it creates great conditions for the economy because we're not eating our seed corn.”
“Uh, it creates problems for the government, but it's great for the stock market. And I see continued great things for the stock market ahead.”